New Mexico Statutes 7-34-5. Oil and gas production equipment ad valorem tax to be exclusive measure of ad valorem tax liability
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The tax levied by Section 7-34-4 N.M. Stat. Ann. shall be the full and exclusive measure of ad valorem tax liability for equipment used at a production unit for the calendar year 1969 and all subsequent years. Any other ad valorem tax on equipment used at a production unit is void.
